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(MGM, CLNO, CHS, FBC, VC) Stock to Watch by DrStockPick.com

August 27th, 2011 at 04:40 pm

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As of November 16, 2010, MGM Resorts International (NYSE:MGM) owned and operated 15 properties located in Nevada, Mississippi, and Michigan, and has 50% investments in 4 other properties in Nevada, Illinois, and Macau. In addition, MGM Resorts International has an agreement with the Mashantucket Pequot Tribal Nation, which owns and operates a casino resort under the MGM Grand brand name in Mashantucket, Connecticut. MGM Resorts International was formerly known as MGM MIRAGE and changed its name to MGM Resorts International on June 15, 2010. MGM Resorts International was founded in 1986 and is based in Las Vegas, Nevada. MGM Resorts International also owns and operates golf courses and a golf club.

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Poised to set a new standard in luxury accommodations, Bellagio recently unveiled a fresh, elegant collection of newly redesigned rooms this week. Each of the three distinct color palettes was carefully created to further enhance the AAA Five Diamond guest experience at one of the world's most iconic resorts. Created by the talented team at MGM Resorts International Design Group, the new rooms reflect an updated, elegant feel pairing modern conveniences with the warmth of home. Three unique designs elicit a distinct sensibility based on the colors and patterns utilized throughout each concept.

MGM Resorts International financial results for the second quarter ended June 30, 2011 provided information stating that the company’s wholly owned domestic resorts segment earned Adjusted Property EBITDA of $331 million, up 7% compared to $309 million in the prior year quarter, despite a lower table games hold percentage in the current quarter and an approximately $12 million impact related to the state mandated closure of Gold Strike Tunica in May 2011.

The Light Group, Las Vegas' leading hospitality, development and management company, is also excited to announce the opening of 1OAK at The Mirage Hotel & Casino. In a unique partnership with The Butter Group, New York's preeminent lifestyle and hospitality company and owners of elite restaurants The Darby and Butter; lounges and nightclubs The Darby Downstairs, 1OAK NYC, Butter NC and 1OAK Brazil, 1OAK Las Vegas will offer a one-of-a-kind nightlife experience beginning New Year's Eve 2011.

Lastly, ARIA Resort & Casino, the crown jewel of CityCenter, has earned the prestigious AAA Five Diamond Award for its Sky Suites, joining an elite class of resorts recognized with two AAA Five Diamond Awards for two distinct hotel experiences within one property. In its first year of operation in 2010, ARIA Resort & Casino was recognized as a AAA Five Diamond resort, a distinction rare for hotels to achieve in such a short time. ARIA Sky Suites now joins this distinguished list of premier destinations, providing an unparalleled level of stylish accommodations and exemplary service from arrival to departure.

MGM Resorts International, through its subsidiaries, owns and operates casino resorts in the United States. MGM Resorts International's resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities. The Mirage is a wholly owned subsidiary of MGM Resorts International. A world-class art gallery, the exquisite Conservatory & Botanical Gardens, the stunning "O" by Cirque du Soleil®, a luxurious spa and salon and an elegant casino all add to the extraordinary Bellagio experience. Bellagio is a wholly owned subsidiary of MGM Resorts International. CityCenter is a joint venture between MGM Resorts International and Infinity World Development Corp, a subsidiary of Dubai World.

For more information about MGM Resorts International, please visit: www.mgm-mirage.com

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